Archive Monthly Archives: December 2007

Former Boom Markets Hit Hardest

Austin was not a “boom market”, but the sentiments and national news resulting from the markets listed in the news snippet below have contributed to a somewhat timid buyer pool in Austin at present. Hopefully, buyers will perk up this spring as the mortgage fallout further clears up and people realize that Austin is not […]

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Posted by Steve
11 years ago

Austin Rental Market Update – November 2007

The Austin rental market for November in Austin continues the strong climb in prices. The average rental rate of $1386/mo. is a 12% increase over the same month last year. The median leased price is $1200, up 4.3% from a year ago. The number of homes leased dropped 13% from 588 a year ago to […]

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Posted by Steve
11 years ago

Austin Real Estate Market Update – November 2007

The number of homes sold in Austin for November 2007 was down 19% from November 2006. Average sales price is up 6.5% $255,073 and Median sales price is up 7.9% from $175,000 a year ago to $188,900 this year for November. Average price per square foot is up 4.4% to $119 per square foot. Average […]

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Posted by Steve
11 years ago

Texas Home Insurance Premiums are Highest in Nation

AUSTIN (Dallas Morning News) – A new study from the National Association of Insurance Commissioners shows that Texas homeowners pay far more for insurance than those in any other state. The average annual premium in Texas for the most common homeowner policy was $1,372, considerably more than the nationwide average of $764. Louisiana ranked second […]

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Posted by Steve
11 years ago

Agent Bonuses – Buyers Should Know

The news snippet below discusses a proposed new law in North Carolina that would make disclosure of agent bonuses mandatory in real estate transactions. Good – it’s about time. Currently, very few states require this. I’ve long had a problem with the fact that most buyers have no clue whether or not their Realtor is […]

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Posted by Steve
11 years ago